Economics Paper 44
1Which of the following would shift the demand curve for new textbooks to the right?
2Which of these measures the responsiveness of the quantity of one good demanded to an
increase in the price of anot her good?
3Assume that the current market price is below the market clearing level. We would
expect:
4The income elasticity of demand is the:
5In the long run, new firm s can enter an industry and so the supply elasticity tends to
be:
6A curve that represents all combinations of market baskets that provide the same level of
utility to a consumer is called:
7The magnitude of the slope of an indifference curve is:
8Which of the following is a positive statement?
9A supply curve reveals:
10The slope of an indifference curve reveals:
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